PanAmerican BanCorp (PABN) Message Board

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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)

PABN 0.00001000

0.0%

Mar 7 3:00 PM EST

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To: Scottoo who wrote (25242)	2/5/1999 4:43:00 PM
From: ColleenB	Read Replies (4) of 43774

Well, let's see .... this hypothesis doesn't take a rocket scientist to figure out but let's take a look at the numbers for the week together. The AVERAGE daily volume for PRWT is..... 3,907.5K... which if you multiply this number by five (the days in this trading week) we should have had somewhere around.... 19,537.5K shares traded for the week.. but.... we saw... a total (ACTUAL) of 51,631.2K shares traded this is OVER 2.5 times the number of shares that should have been traded. (2.643 to be exact), which translates to about 10-11 MILLION shares traded ABOVE the norm. Pretend as much as you want, you cannot imagine these numbers away. Unless of course you want to believe that this was MM manipulation that lasted for an entire week, and on no news. How many of these shares do you really believe were being exchanged back and forth by people eager to buy and sell at a profit when the price didn't move to speak of? How many of you longs were selling this week while you're all waiting for good news to spring at any moment?

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